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The first phase comprises 30 km and 24 stations LATEST NEWS  : Larsen&Toubro has sought "additional financial support" from Telangana to cover cost overruns in the Rs 16,000-crore metro rail project that stemmed from delays in its implementation, sources privy to the development said. Prime Minister Narendra Modi is scheduled to inaugurate the first phase of the 72-km project tomorrow, touted to be the world's largest such project on public-private partnership in the sector. L&T Metro Rail (Hyderabad) Ltd, the developer of the project, has sought "additional financial support" from the Telangana government to cover the cost overruns due to delays in projects, leading to an extension of time, the sources said. The cost overruns work out to over Rs 3,000 crore, the sources added. "The company is also learnt to have sought an extension period of two years," an industry source said, adding that any decision is likely afte...

State-owned power equipment maker BHEL on Tuesday said it has won Rs 233 crore order for a steam and power generation package from Ramagundam Fertilizers and Chemicals Ltd (RFCL). "Valued at Rs 233 crore, the order has been placed on BHEL for setting up the package at RFCL's fertilizer plant at Ramagundam in Telangana," BHEL said in a press statement. The scope of the contract includes design, manufacture and commissioning of a 32.5 MW Gas Turbine, 125 TPH Heat Recovery Steam Generator, 85 TPH Utility Boiler and Balance of Plant (BoP) Package along with associated auxiliaries on Lumpsum Turnkey (LSTK) basis. Read this: CPEC master plan revealed: It's all about Chinese penetration into Pakistan The equipment for this package will be supplied by the BHEL's manufacturing units at Hyderabad, Vizag, Bhopal, Jhansi, Bengaluru, Trichy and Chennai. The erection and commissioning of the project will be undertaken by the company's Power Sector...